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Palo Pinto 76453
1886 S Lakeview Drive
$270,000
● House - Off Market

1886 S Lakeview Drive

Gordon, TX 76453
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,192 Ft²
$341,956
RealtyHop Estimate
24.35%
Since Apr 1, 2021
National-US
Primary Model

About This Property

REDUCED! Here is your chance to own the perfect lakefront Palo Pinto home!  This three bedroom and two bath home sits on just over one acre. If you like beautiful lake views, lots of trees and privacy then this is the property for you.

With and open floor plan, large deck and plenty of room to roam outside, this home is a crowd pleaser. Your own private dock gives you direct access to the lake which makes fishing or jumping on the boat a breeze. Schedule your showing today!
Unit Size
1,192 Ft²
Days on Market
-
Land Size
1.15 acres
Price per sqft
$231
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1988

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 6 months ago (NTREIS #14483711)

Price History

Date / Event Date Event Price
Mar 17, 2021 Sold
Premium
Sold
Dec 9, 2020 Listed by Century 21 Property Advisors $275,000
Listed by Century 21 Property Advisors
REDUCED! Here is your chance to own the perfect lakefront Palo Pinto home! This three bedroom and two bath home sits on just over one acre. If you like beautiful lake views, lots of trees and privacy then this is the property for you. With and open floor plan, large deck and plenty of room to roam outside, this home is a crowd pleaser. Your own private dock gives you direct access to the lake which makes fishing or jumping on the boat a breeze. Schedule your showing today!

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 1988
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 50,225
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,192
  • Gross Building Area: 1,192
  • Building Area: 1,192
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,192
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SANDSTONE SHORES PP LAKE
  • Land Acres: 0000001153
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • Legal Description 1: SANDSTONE SHORES PP LAKE LOT 25 G#S0055-00-00000-025-00-0

Neighborhood

  • School District Name: Santo Independent School District
  • School Tax School District: SNI HPD ESD1
  • Census Tract: 000200

Geography

  • Account Number: R000024977
  • Parcel: 205200000
  • Lot: 25
  • Municipality: GORDON
  • Latitude: 32.6299
  • Longitude: -98.2822

    Address

  • Full Address: 1886 S Lakeview Dr
  • Address - House Number: 1886
  • Street Direction: S
  • Address - Street Name: Lakeview
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Gordon
  • Zip Code: 76453

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $362,697
  • Tax Rate Code Area: CAD 182 SN

    Appraisal Valuation

  • Standard Deviation: 0.2763
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 60
  • Final Value: 430,983
  • High Value: 550,103
  • Low Value: 311,862

    Market Valuation

  • Market Total Value: $255,450
  • Market Land Value: $149,670
  • Market Improvement Value: $105,780

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $255,450
  • Assessed Land Value: $149,670
  • Assessed Improvements Value: $105,780

    Sales

  • Current Sale Contract Date: Mar 16, 2021
  • Current Sale Recording Date: Mar 19, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 2021-00001813
  • Previous Sale Recording Date: Aug 08, 2014
  • Previous Sale Contract Date: Jul 25, 2014
  • Previous Sale Amount: $61,300
  • Previous Sale Document Type: 70
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Palo Pinto

Stats & Trends

Median Asking:

$399,900

Sale Price/ft²

$223

Below Asking

0.03%

Average Days on Market

84

Average Home Size

2203 ft²

Average Home Age

-

Currently For Sale

294 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 520 Deer Trail, Gordon, TX, 76453

$5,750 /mo

  • 4 Beds
  • 3 Baths
  • 2,725 ft²
520 Deer Trail, Gordon, TX, 76453 Listing by Jerry Moody

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Melissa Williams, Century 21 Property Advisors
Last Updated: 6 months ago
Data Source: NTREIS MLS, MLS# 14483711
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 1886 South Lakeview Drive built and last sold?
The property at 1886 South Lakeview Drive was built in 1988 and last sold on Mar 16, 2021 for $303,800.
How much is this home worth?
The estimated value of the home located at 1886 South Lakeview Drive is $280,120.
What are some comparable homes to 1886 South Lakeview Drive?
There are currently no comparable homes to 1886 South Lakeview Drive.
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